Shares of crypto miners, which are most exposed to the price of bitcoin, continued their slump on Monday as bitcoin’s price fell near $46,000, close to where it was in the beginning of October. Almost all crypto miners’ stocks were in the red for the day, with Bitfarms falling more than 9%, while peers such […]
Twitch Co-Founder Justin Kan Launches Gaming NFT Marketplace on Solana
Web 3 gaming received another boost on Monday with the announcement of Fractal, a marketplace for gaming-related NFTs led by Twitch co-founder Justin Kan. The platform will serve as a primary marketplace for players to buy non-fungible tokens directly from game companies to use in-game, as well as a secondary marketplace for peer-to-peer trading. “People […]
Crypto Exchange AscendEX Hacked, Losses Estimated At $77M
Cryptocurrency exchange AscendEX suffered a hack for an estimated $77 million following a breach of one its hot wallets. On Sunday, AscendEX announced via Twitter that it had identified a number of unauthorized transactions from one of its hot wallets on Saturday. Assets not affected have been transferred to cold wallets while the investigation is […]
Most Influential 2021: Sam Bankman-Fried
He might now be a billionaire, but Samuel Bankman-Fried still has that wild puff of hair. It’s hair that screams “just rolled out of bed.” Or a beanbag chair. “I’m up to something like 50%, in terms of sleeping on beds,” Bankman-Fried tells CoinDesk. The 50% is a big deal. And beds were once a […]
How ‘Intelligent’ NFTs Raise Some Red Flags
NFTs are on a clear collision course with artificial intelligence, which will in theory unlock all sorts of new utilities, including AI-driven avatars that can hold conversations. However, because few people understand how this type of AI works, it’s alarmingly easy to hoodwink buyers. Recently, a handful of so-called smart or intelligent non-fungible token projects […]
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